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October Sees Outstanding Sales for Chicago Luxury Homes

October’s top Chicago real estate sales for single-family homes certainly paid tribute to the age-old real estate saying of location, location, location. The top 5 sales were found exclusively in two of the city’s most coveted neighborhoods: one in the Gold Coast and the other 4 in Lincoln Park.

Lincoln Park is one of those neighborhoods with something for everyone: for the urban dweller, it’s close to dining, entertainment and things to do. For families, it has the best public and private schools and many streets feel like a cozy residential neighborhood even though it’s hardly the suburbs. For the luxury buyer, Lincoln Park is home to a few of the city’s most prestigious blocks. We’ve seen a number of buyers choose Lincoln Park to purchase or build new construction, such as the top two sales we saw in October.

Overall, luxury single-family home sales totaled $60 million in October. Much like last month’s condo sales, that’s a strong number considering the time of year is typical for a real estate slowdown. Here’s a closer look at the Chicago real estate purchases that topped October’s list:

1817 N ClevelandOriginal list price: $4.2 millionSold price: $3,912,947
The priciest Chicago real estate sale for single-family homes is an all-masonry new construction property by LG Development. The custom home spans more than 6,000 square feet and is packed with coveted features: 12-foot ceilings, en-suite bedrooms, a stunning staircase, extensive millwork, a designer kitchen and built-ins throughout. The outdoor space includes a yard and 2 large decks, making this an ideal family home in the heart of Old Town/Lincoln Park.

1700 N Dayton StOriginal list price: $3.25 millionSold price: $3.175 million
This Chicago new construction home is on the picturesque Dayton Street, built to have every luxurious detail by Barrett homes. The 6-bedroom home includes an attached 2.5 car garage, a raised patio with generous deck space and a full 3rd level. Thoughtful details throughout include high-end cabinetry, detailed baths, impressive ceiling height, millwork and coffered ceilings. The sunny kitchen/great room feature commercial-grade appliances, a tiled backsplash and butler’s pantry.

53 E Bellevue PlaceOriginal list price: $3.7 millionSold price: $2.95 million
A beautiful mix of old and new, this Gold Coast home has a historic façade with recent high-end upgrades on the interiors. This is a great traditional family home with high ceilings, wood floors and mouldings, and a great floorplan with a formal living room/kitchen/family room combination. The 5,500 square feet of living spae lends itself to a spacious master suite with a fireplace and his-and-her marble baths, 30 feet of closets, a second master suite and 3 family bedrooms. Each one of the home’s three levels also boast its own deck, plus a 1-bedroom apartment over the spacious 2-car garage.

2708 N Lakeview AvenueOriginal list price: $2.95 millionSold price: $2.65 million
This 7,500 square foot home is architecturally and historically significant, designed by the late Chicago architect David Adler. Build on an extra-wide lot in 1915, the 7,500 square foot lot has been updated for today’s living, but retained Adler’s classic touches like the original fixtures and hardware throughout the home. The result is a warm, elegant home with a solarium, paneled library and eat-in kitchen that overlooks a landscaped backyard.

2031 N Dayton StOriginal list price: $2,395,000Sold price: $2,347,500
A newly renovated 5-bedroom also on Dayton Street, this home features an extra-wide floor plan, with custom millwork and built-ins throughout. The custom kitchen features commercial-grade appliances, while a sunny great room leads to outdoor space like a back deck, backyard and garage roof deck with trellis. The detailing in the bathrooms is stunning, with natural stone and glass finishes, plus heated flooring and a steam shower in the master suite.

As I’ve said before, the end of the year is a perfect time for buyers to take advantage of the colder weather, since the seasonal slowdown in real estate is settling in. Most sellers don’t want their homes sitting on the market through the winter months, so this is an ideal time for potential buyers to make a move.

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ABOUT SHELDON

Sheldon arrived at Dream Town with more than 25 successful years in Chicago real estate. With a focus on luxury properties, Sheldon has sold condominiums, lofts and single family homes ranging from $1 to $5 million, many built by Chicago’s most prestigious developers and architects ... Read more